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Decision on extending parachute payments due in June


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Premier League clubs will decide in June whether to extend parachute payments for relegated clubs from two years to four years.

The proposal is part of a package of solidarity payments for Football League clubs and a decision is due at June's Premier League clubs' AGM.

However, it is understood that any change would not go through without the consensus of the Football League.

The parachute payments are this summer due to rise from £12m a year to £16m.

http://news.bbc.co.uk/sport1/hi/football/eng_prem/8611584.stm

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